Slb N.V. (SLB)财务
NYSE · Energy · Oil & Gas Equipment & Services · 员工109,000人 · CEO Olivier Le Peuch
- 股价
- $53.74 -0.13%
- 市值
- $793亿
- 企业价值
- $895亿
- 最近财报
- Q3 '26 2026-10-28提交
- 下次财报
- 2027-01-22 EPS预期 $0.74
营收(TTM)$369亿+4.6% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)12.6%-3.6 百分点 对比去年同期营业利润 $46.4亿
净利润(TTM)$30.7亿-15.7% 对比去年同期税后,含营业外收益
自由现金流(TTM)$44.7亿+14.3% 对比去年同期资本支出 $18.9亿
稀释EPS(TTM)$2.04-21.2% 对比去年同期最近4个季度之和
净现金-$92.5亿-0.7% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $793亿 EV $895亿
- 营收
- $369亿 过去12个月
- 营收增速
- +4% FY2026年一致预期
- 净利润率
- 8.3% 净利润 / 营收,TTM
- P/E
- 25.8× 预期 22.0×(FY2026)
- P/S
- 2.2× 股价 / 营收,TTM
- EV / EBITDA
- 12.4× TTM
- 自由现金流
- $44.7亿 过去12个月
- 净利润
- $30.7亿 过去12个月
- 营收预期
- $371亿 FY2026年一致预期
- 盈利
- 2027-01-22 营收预期 $99.9亿
- 股息
- $1.17 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-23):营收超预期1.9%,EPS 超预期3.7%营收$94.5亿,预期$92.7亿(+1.9%);EPS $0.64,预期$0.62(+3.7%)。
- 营收增长加速:同比5.8%Q3 '26营收$94.5亿,此前四个季度的平均值为2.5%。
- 营业利润率12.6%(TTM),较去年同期-3.6 百分点营收增长4.6%,营业利润增长-18.4%。
- 税前利润的17.9%被营业外亏损吞噬税前利润$39.4亿,营业利润$46.4亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的5.1%(去年为5.6%)最近4个季度投入$18.9亿(同比-3.8%)。自由现金流$44.7亿,相当于净利润的145.6%。
- 股东回报$11.9亿 = 自由现金流的26.5%回购-$5.45亿(去年为$52.2亿),股息$17.3亿,股权激励$3.26亿(TTM)。
- 稀释股数一年内增加0.6%Q3 '26稀释股数15亿,一年前为14.9亿。
- 净债务 $92.5亿现金 + 短期投资 $35.5亿,含租赁债务 $128亿;一年前净债务 $91.8亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $94.5亿 | $89.3亿 | +5.8% |
| 毛利率 | 16.6% | 17.5% | -0.9 百分点 |
| 营业利润 | $10.8亿 | $13.2亿 | -17.6% |
| 营业利润率 | 11.5% | 14.7% | -3.3 百分点 |
| 净利润 | $7.35亿 | $7.39亿 | -0.5% |
| 稀释EPS | $0.49 | $0.50 | -2.0% |
| 经营现金流 | $15.1亿 | $16.8亿 | -10.2% |
| 资本支出 | $4.85亿 | $5.77亿 | -15.9% |
| 自由现金流 | $10.3亿 | $11.1亿 | -7.2% |
| R&D | $1.56亿 | $1.7亿 | -8.2% |
| 股权激励费用 | $7200万 | $8900万 | -19.1% |
实际 vs 一致预期
2026-10-23| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $94.5亿 | $92.7亿 | +1.9% |
| EPS(一致预期口径) | $0.64 | $0.62 | +3.7% |
来自2026-10-23发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Production Systems | $40亿 | +15.1% | 43.4% | $152亿 | +19.9% | |
| Well Construction | $28.9亿 | -2.7% | 31.3% | $114亿 | -6.5% | |
| Reservoir Characterization | $16.3亿 | -2.9% | 17.7% | $65.3亿 | -5.1% | |
| Digital Integration | $6.93亿 | +5.3% | 7.5% | $20.3亿 | -46.8% |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Middle East | $28.1亿 | -6.4% | 29.7% | $113亿 | -8.6% | |
| Europe C I S Africa | $24.4亿 | +0.1% | 25.8% | $96.1亿 | +1.1% | |
| North America | $24亿 | +24.4% | 25.4% | $90.2亿 | +27.9% | |
| Latin America | $17.5亿 | +18.0% | 18.5% | $66.7亿 | +9.4% | |
| Other Countries | $5500万 | -32.9% | 0.6% | – | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Production Systems | $40亿 | +15.1% | – | – | – | 16.1% | – |
| Well Construction | $28.9亿 | -2.7% | – | – | – | 18.8% | – |
| Reservoir Performance | $16.3亿 | -2.9% | – | – | – | 18.5% | – |
| Digital Integration | $6.93亿 | +5.3% | – | – | – | 28.4% | – |
| All other segments | $5.44亿 | +37.0% | – | – | – | 24.2% | – |
| Eliminations Other | -$3.1亿 | -24.0% | – | – | – | 34.4% | – |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $63.6亿
- 资本支出
- -$18.9亿
- 股票回购
- $5.45亿
- 股息
- -$17.3亿
- 收购
- -$6.13亿
- 债务净发行
- $1.1亿
- 股权激励费用
- $3.26亿
- 自由现金流
- $44.7亿
- 股东回报 / FCF
- 26.5%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 25.8× | 18.1× | 12.2× – 22.4× |
| EV / EBITDA | 12.4× | 10.4× | 7.8× – 13.4× |
| EV / 营收 | 2.4× | 2.3× | 1.7× – 3.1× |
| 股价 / FCF | 17.7× | 18.2× | 12.1× – 37.8× |
| 股价 / 净资产 | 3.1× | 3.1× | 2.2× – 4.3× |
| FCF收益率 | 5.6% | 6.7% | 2.6% – 8.3% |
| 投入资本回报率 | 8.7% | 10.8% | 7.0% – 13.7% |
| 净资产收益率 | 11.8% | 17.4% | 12.5% – 21.1% |
分析师
一致目标价 $64.00 (+19.1%)
区间 $54.00 – $71.00 · 评级 Buy
强烈买入0
买入56
持有7
卖出3
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $371亿 | +3.9% | $2.45 | +4.1% | 22.0× | 16 |
| FY2027 | $404亿 | +8.8% | $3.10 | +26.7% | 17.3× | 17 |
| FY2028 | $432亿 | +7.0% | $3.68 | +18.7% | 14.6× | 8 |
| FY2029 | $457亿 | +5.9% | $4.26 | +15.9% | 12.6× | 5 |
| FY2030 | $477亿 | +4.3% | $4.29 | +0.6% | 12.5× | 5 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Slb N.V.在近期10-Q / 10-K文件中标记的全部224项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable and Accrued Liabilities, Current | $120亿 | $109亿 | +10.1% | $115亿 | $104亿 | +10.7% |
| Accounts Payable, Trade, Current | $48.6亿2025-12-31 | $42.3亿 | +14.9% | $48.6亿 | $42.3亿 | +14.9% |
| Accounts Receivable, Allowance for Credit Loss, Current | $3.22亿 | $3.41亿 | -5.6% | $3.35亿 | $3.25亿 | +3.1% |
| Accounts Receivable, Credit Loss Expense (Reversal) | – | – | – | $2400万 | $600万 | +300.0% |
| Accrued Income Taxes, Current | $6.95亿 | $8.14亿 | -14.6% | $8.94亿 | $9.82亿 | -9.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $245亿 | $238亿 | +2.7% | $242亿 | $222亿 | +8.7% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$45.1亿 | -$48.1亿 | +6.4% | -$47.4亿 | -$49.5亿 | +4.3% |
| Amortization of Intangible Assets | $1.13亿 | $1.01亿 | +11.9% | $3.76亿 | $3.34亿 | +12.6% |
| Asset Impairment Charges | – | – | – | $3.31亿 | $1.62亿 | +104.3% |
| Assets | $562亿 | $551亿 | +2.0% | $549亿 | $489亿 | +12.1% |
| Assets for Plan Benefits, Defined Benefit Plan | $5.3亿2025-12-31 | $4.72亿 | +12.3% | $5.3亿 | $4.72亿 | +12.3% |
| Assets, Current | $205亿 | $195亿 | +5.3% | $195亿 | $186亿 | +5.1% |
| Business Combination, Integration Related Costs | $5500万 | $1.43亿 | -61.5% | $3.02亿 | $1.23亿 | +145.5% |
| Business Exit Costs | $5000万2025-12-31 | – | – | – | – | – |
| Cash | $26.2亿 | $30.1亿 | -13.0% | $30.4亿 | $35.4亿 | -14.3% |
| Cash Acquired from Acquisition | $02025-12-31 | – | – | $4.79亿 | – | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $26.2亿 | $30.1亿 | -13.0% | $30.4亿 | $35.4亿 | -14.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | -$1.16亿 | -$2.06亿 | +43.7% | -$5.65亿 | $6.85亿 | -182.5% |
| Common Stock, Par or Stated Value Per Share | $0.012025-12-31 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 45亿2025-12-31 | 45亿 | 0.0% | 45亿 | 45亿 | 0.0% |
| Common Stock, Shares, Outstanding | 14.8亿 | – | – | 15亿 | 14亿 | +6.7% |
| Common Stock, Value, Issued | $162亿 | $163亿 | -0.6% | $164亿 | $115亿 | +42.7% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $4500万 | $3500万 | +28.6% | $7700万 | $1.18亿 | -34.7% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $8.73亿 | $6.69亿 | +30.5% | $35.9亿 | $37.7亿 | -4.7% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $9.18亿 | $7.04亿 | +30.4% | $36.7亿 | $38.8亿 | -5.6% |
| Current Federal Tax Expense (Benefit) | – | – | – | $700万 | $1000万 | -30.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $11.1亿 | $11.2亿 | -0.6% |
| Current Income Tax Expense (Benefit) | – | – | – | $11.2亿 | $11.3亿 | -1.3% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $200万 | $700万 | -71.4% |
| Debt Instrument, Fair Value Disclosure | $104亿 | $105亿 | -1.0% | $94亿 | $104亿 | -9.6% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$6400万 | $8800万 | -172.7% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$6000万 | -$6100万 | +1.6% |
| Deferred Income Tax Expense (Benefit) | -$2200万 | -$2900万 | +24.1% | -$2.79亿 | -$4100万 | -580.5% |
| Deferred Income Tax Liabilities, Net | $6.56亿 | $8.27亿 | -20.7% | $6.44亿 | $6700万 | +861.2% |
| Deferred Revenue | $68亿 | $56亿 | +21.4% | $56亿 | $54亿 | +3.7% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $100万 | $200万 | -50.0% |
| Deferred Tax Assets, Operating Loss Carryforwards | $1.53亿2025-12-31 | $1.23亿 | +24.4% | $1.53亿 | $1.23亿 | +24.4% |
| Deferred Tax Assets, Other | $1.65亿2025-12-31 | $1.52亿 | +8.6% | $1.65亿 | $1.52亿 | +8.6% |
| Deferred Tax Assets, Tax Credit Carryforwards, Foreign | $6300万2025-12-31 | – | – | $6300万 | – | – |
| Deferred Tax Assets, Tax Credit Carryforwards, Research | $8700万2025-12-31 | $1.58亿 | -44.9% | $8700万 | $1.58亿 | -44.9% |
| Deferred Tax Liabilities, Intangible Assets | $12.1亿2025-12-31 | $7.58亿 | +59.4% | $12.1亿 | $7.58亿 | +59.4% |
| Deferred Tax Liabilities, Net | $6.44亿2025-12-31 | $6700万 | +861.2% | $6.44亿 | $6700万 | +861.2% |
| Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate | – | – | – | 5.7% | 5.3% | +8.6% |
| Defined Benefit Plan, Ultimate Health Care Cost Trend Rate | 4.5%2025-12-31 | 4.5% | 0.0% | 4.5% | 4.5% | 0.0% |
| Depreciation | $4.68亿 | $4.53亿 | +3.3% | $17.3亿 | $15.5亿 | +11.7% |
| Depreciation, Depletion and Amortization | $6.98亿 | $6.38亿 | +9.4% | $26.4亿 | $25.2亿 | +4.9% |
| Derivative, Fair Value, Net | $0 | $0 | – | $0 | $0 | – |
| Dividends Payable, Current | $4.54亿 | $4.43亿 | +2.5% | $4.43亿 | $4.03亿 | +9.9% |
| Dividends, Cash | $4.36亿 | $4.26亿 | +2.3% | $16.3亿 | $15.6亿 | +4.0% |
| Earnings Per Share, Basic | $0.50 | $0.50 | 0.0% | $2.38 | $3.14 | -24.2% |
| Earnings Per Share, Diluted | $0.49 | $0.50 | -2.0% | $2.35 | $3.11 | -24.4% |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | -$600万 | -$1600万 | +62.5% | $5700万 | -$4100万 | +239.0% |
| Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount | – | – | – | $9.01亿 | $11.9亿 | -24.3% |
| Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | – | – | – | 21.0% | 21.0% | 0.0% |
| Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount | – | – | – | -$1.33亿 | -$2600万 | -411.5% |
| Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent | – | – | – | -3.1% | -0.5% | -520.0% |
| Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount | – | – | – | -$500万 | -$2600万 | +80.8% |
| Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent | – | – | – | -0.1% | -0.5% | +80.0% |
| Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amount | – | – | – | $400万 | -$3400万 | +111.8% |
| Effective Income Tax Rate Reconciliation, Nondeductible Expense, Percent | – | – | – | 0.1% | -0.6% | +116.7% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-01